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Dec 28, 2012
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senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to include something on the estate tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. the
senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders...
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mitch mcconnell knows where speaker john boehner is on this issue. they remained in contact throughout these negotiations birdseed can imagine that speaker boehner will come out as possibly as early as tonight with a statement of support. he has yet to get any information on. adam: apparently a spokesperson for the speaker saying that this is all joe biden and mitch mcconnell. no context as whether that's a compliment or insult, but potentially the deal which you have been expressing all day long. you are the one who will wrote just before 9:00 p.m. that a gop aide said that this was all done. just to wrap up with you before before we sign off one more time, no word yet from the vice president, but reporters are waiting for some kind of statement. is that correct? reporter: yes, we are hoping to get a comment as he was going into the meeting. right now he is hoping to get enough democrats to get on board. happening all around the capital or soon will begin happening around the capital. house and senate leadership will try to sell this thing and get t
mitch mcconnell knows where speaker john boehner is on this issue. they remained in contact throughout these negotiations birdseed can imagine that speaker boehner will come out as possibly as early as tonight with a statement of support. he has yet to get any information on. adam: apparently a spokesperson for the speaker saying that this is all joe biden and mitch mcconnell. no context as whether that's a compliment or insult, but potentially the deal which you have been expressing all day...
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Dec 31, 2012
12/12
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do we just wait for harry reid and mitch mcconnell to come up with something? when might we have more of these meetings? reporter: senate leaders will meet tonight. carrie reeder says he is suspendi regular business on the senate floor tomorrow so leadership can work on us. they are working on issues and have been for the last couple of days. at that point, sometime sunday morning, they will have to make a decision as whether they got enough vot for they have come up with something that can actually pass the hous and the senate. if that's the deal and they do reach some kd of skeleton or compromise that they can sell the democrats and republicans in the house and senate, they will begin that process once leadership is signed off. the time from then it's a little bit longer when you consider that the house has a rule that any bill must be posted online, it must be public for three days. the senate has a number of procedural hurdles. the senate is strange. you can get something done in unanimous consent, while, floor, walk off and its past -- or you can deal with
do we just wait for harry reid and mitch mcconnell to come up with something? when might we have more of these meetings? reporter: senate leaders will meet tonight. carrie reeder says he is suspendi regular business on the senate floor tomorrow so leadership can work on us. they are working on issues and have been for the last couple of days. at that point, sometime sunday morning, they will have to make a decision as whether they got enough vot for they have come up with something that can...
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senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon. if not, all these bills and proposals expire and they have to start voting all over again. >> that is all we need, back to the drawing board, right? >> rich. we hear that even though it is called the fiscal cliff or it is nicknamed the fiscal cliff that the effects won't be felt immediately. technically we're already there but i wonder how long, is there any sense on capitol hill when effect will start being felt by the american public? >> well we got guidance from the irs last evening and they're basically telling businesses they don't have to begin withholding at current tax rates, which are tax rates w
senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon. if not, all these bills and...
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Dec 31, 2012
12/12
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. >> well, senator mitch mcconnell , the republican leader in the senate has been negotiating with the vice-president on behalf of the president, mcconnell went to the floor to say that there will be spending cuts down the road here . they had come to agreement on the tax part of this and wanted to get that passed and approved so that hundred million plus american families would not be facing a tax increase on january january 1st. it looks like that they will. we are going to go over the cliff, but congress is going to try to fix that in the next few days. he promised more spending cuts will come. remember, republicans do have the debt ceiling coming to. they have to approve an increase in the debt ceiling, probably by late february or early march, and that will be their leverage, they say. gerri: a perfect storm. thank you for telling his about it, coming on. good luck over this next 44 hours. it will be intense. meanwhile, as a nation we continue to change our way forward work toward another recession. without a deal u.s. gdp expected to take a serious hit. our unemployment rate expe
. >> well, senator mitch mcconnell , the republican leader in the senate has been negotiating with the vice-president on behalf of the president, mcconnell went to the floor to say that there will be spending cuts down the road here . they had come to agreement on the tax part of this and wanted to get that passed and approved so that hundred million plus american families would not be facing a tax increase on january january 1st. it looks like that they will. we are going to go over the...
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Dec 27, 2012
12/12
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mcconnell, the minority leader in the senate and of course harry reid, the majority leader. earlier reports of this story had it john boehner would be on hand, but john boehner is not even in washington, d.c., and a spokesperson told us they haven't been invited. so figure that out. who will follow as it continues to break but right now a meettng with congressional leaders on the fiscal cliff with the president on hand tomorrow, friday, and we will shirk over that. i put different topic. even if you aren't a frequent flyer, my next guest says you can enjoy the perks of being one. like being upgraded to first class and it is not as hard as you think. now, rick, have waited for this segment for the whole show because i wanted that elite status but i don't fly enough to really earn it. so tell me, how can i get that elite status without doing all the work were spending all the money? >> typically the one bad problem with elite status if you have to fly. you don't have to fly very much. we'll give you an example of how my wife achieved elite status in one trip but typically a bi
mcconnell, the minority leader in the senate and of course harry reid, the majority leader. earlier reports of this story had it john boehner would be on hand, but john boehner is not even in washington, d.c., and a spokesperson told us they haven't been invited. so figure that out. who will follow as it continues to break but right now a meettng with congressional leaders on the fiscal cliff with the president on hand tomorrow, friday, and we will shirk over that. i put different topic. even...